India News Headlines: Latest India Business News 30th July 2020

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Quote of the day: “A satisfied customer is the best business strategy of all.” – Michael LeBoeuf

  • Tractor output suffers as curbs/lockdowns in Aurangabad, Pune, and Bangalore hit parts supply. Tractors are one of the few sectors that have seen a spike in demand post the coronavirus pandemic.
  • Adani Ports and SEZ on Wednesday raised $750 million via an offshore bond offering.

latest india business news 30th july 2020

  • The Roche Group on Wednesday said that a clinical trial of tocilizumab did not improve clinical status of patients with severe covid-19.
  • Reliance BP Mobility  is planning to set up battery swapping stations at it’s fuel outlets. The planned investment expenditure amounts to Rs 3000 crores to expand its fuel retail business.
  • IndiGo on Wednesday said the company is  planning to raise at least Rs 20 billion via sale and leaseback of its planes and other assets.

Must Read: Today News Headlines 30th July 2020

Latest India Business News 30th July 2020

  • Bharti Airtel on Wednesday reported a Q1 consolidated net loss of Rs 15933 crores.
  • Oyo founder Ritesh Agarwal has launched an early-stage VC fund, Aroa Ventures.
  • Punjab National Bank International won a UK High Court battle over unpaid dues of around USD 22 million.
  • TVS Motor Company reported a Q1 loss of Rs 139 crores.
  • PNB on Wednesday raised Rs 994 crores by issuing Basel III compliant bonds on private placement basis.
  • Hevo, a Sequoia-backed company raised $8 million in a Series A round of funding led by Qualgro along with Lachy Groom.
  • ICICI Lombard General Insurance has initiated talks to acquire Bharti AXA General Insurance in all stock transaction.
  • SEBI has imposed penalties totalling to Rs 11.45 crores on Maars Software and 3 others for fraudulent activities in issuance of global depository receipts.

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Latest India Business News 30th July 2020

  • NTPC on Wednesday is planning to raise around Rs 1000 crores via bonds on 31 July on private placement basis.
  • SpiceJet reported a net loss of Rs 807 crores for the quarter ending in March.
  • Myntra has partnered with Emaar’s e-commerce portals, Noon and Namshi to enter the middle east market.
  • Sun Oharma on Wednesday said a subsidiary of its American arm, Taro Pharmaceutical, is set to acquire Canada’s Aquinox Pharmaceutical for $8.2 million in cash.
  • Dr Reddy’s Q1 consolidated PAT was down by 13% to Rs 579.3 crores.
  • Tech Mahindra and Hinduja Group’s CyQureX on Wednesday signed a global pact for cyber security solutions.
  • Yes Bank has taken possession of ADAG’s Mumbai headquarter.
  • PFC on Wednesday tied up with IIT-Kanpur for training, research, and  entrepreneurship development in smart grid technology.
  • Ceat on Wednesday reported a net loss of Rs 35.24 crores in the quarter that ended in June.

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